Thursday, February 01, 2007

The Debt Snowball

On Feburary 24, we will go to Dave Ramsey's The Total Money Makeover Live Event. We went last year and it was really cool. This year we are taking 5 other people with us. Let me just tell you what an impact this was for us. We were living paycheck to paycheck, in a huge house that we couldn't afford, driving new cars, stressing out all the time, struggleing to see how we would pay our property taxes. Finally got tired of it. We make really good money so we should be able to enjoy it.
So we got on a plan to pay off our debt. All our debt.
First we sold the van and bought my grandmothers 1997 Chev Lunima with 32,000 miles on it. My van 2004 already had $80,000 miles. Then we sold the house and moved into a another new one but just not as expensive. Now we are able to really attack the debt. We've paid off 2 credit cards and plan to pay the other 2 off by March. We plan to be completely debt free cars and all by the end of the year. We will then throw bunch of cash into our emergency fund. Then save up to go to Walt Disney World (we will pay this in cash). I can't wait until I can call the Dave Ramsey Show and yell "WE'RE DEBT FREE!!!!!!"


momteacherfriend said...

We went to the Live show in 2005. He is a dynamic speaker who really believes what he teaches. And whats great, it really does work!

Keep at it! Go gazelle.

DEBTective said...

Dollface, you're doing a great job and I'm big-time proud of you for deep-sixing your debt, Dave Ramsey-style! Thanks for spreading the debt-free word and good luck with the dough, baby!